The Globe and Mail reports in its Tuesday edition that Scotia Capital's Phil Hardie has reaffirmed his "sector outperform" rating for Brookfield Business Partners. The Globe's David Leeder writes that Mr. Hardie boosted his unit target by $1 (U.S.) to $27 (U.S.). Analysts on average target the units at $26 (U.S.). Mr. Hardie says in a note: "Q1/23 EBITDA was roughly in line with Street expectations but a touch ahead of our forecast and saw robust growth over last year, benefiting from active capital deployment and continued growth across its portfolio companies. The results demonstrate the resilience of Brookfield Business Partners operating businesses. That said, the overarching drivers for the stock appear to be the macro outlook, investor risk appetite, and monetization activities. This part of the market cycle has been challenging and has created a rough ride for Brookfield's share and unit holders. We expect conditions to improve over the coming 12 months given indications that inflation may have peaked and interest rates may soon follow. We believe Brookfield's wide NAV discount already reflects a high degree of risk and offers a good entry point for investors looking for an attractive value play."